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A host of reasons can cause bankruptcy timelines to slide—ongoing negotiations, buyers dealing with their lenders, holidays, court scheduling issues, perhaps a dearth of interested buyers, and more. These types of changes are usually more of a stew of events than they are attributable to any single ingredient.
An earlier post included a timetable for the Voyager sale process that contemplated a September 8 hearing to approve one or more sale of assets to an as-of-yet-undetermined bidder or bidders. Voyager also initially planned for a Chapter 11 plan confirmation process that would have a disclosure statement hearing on September 29.
This table summarizes the current timeline adjustments.
| Action | Old Deadline | Current Deadline |
| Sale Process Timeline | ||
| Deadline to submit Qualified Bids | Aug. 26 | Sept. 6 |
| Auction begins (if competing bids submitted) | Aug. 29 | Sept. 13 |
| Deadline to file objections to sale | Sept. 6 | Sept. 22 |
| Sale Hearing before bankruptcy court | Sept. 8 | Sept. 29 |
| Plan Confirmation Timeline | ||
| Deadline to object to Disclosure Statement | Sept. 9 | Sept. 22 |
| Disclosure Statement hearing | Sept. 15 | Sept. 29 |
| Deadline to object to Plan confirmation | Oct. 24 | Nov. 8 |
| Confirmation hearing | Nov. 1 | Nov. 15 |
There may be future changes, so stay tuned.
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